Palau is in Oceania, and consists of a group of islands in the North Pacific Ocean, southeast of the Philippines. Tropical; hot and humid; wet season May to November. Varying geologically from the high, mountainous main island of Babelthuap to low, coral islands usually fringed by large barrier reefs. The official languages are Palauan and English The main religions are Christianity, Modekngei (indigenous belief). The economy of Palau consists primarily of tourism, subsistence agriculture, and fishing. Tourist activity focuses on scuba diving and snorkelling in the islands' rich marine environment, including its barrier reefs walls and World War II wrecks. The government is the major employer of the work force, relying heavily on financial assistance from the US. The security risk for expatriates in Palau is low. Risks include low levels of petty crime, burglary, and on rare occasions violent crime, murder and sexual assault. The population in Palau is 0.021 Mil (2014 est.), while the inflation rate is 1.93% (2014 est.).
Cost Of Living
The cost of living for expatriates in Palau as at 1 January 2015 is low in comparison to other places in the world. In Palau, the cost of each basket, based on local prices, compared to the international average in USD, is categorized follows: 1) Alcohol (where available) & Tobacco: Average 2) Clothing: Low 3) Communication: Low 4) Education: Low 5) Furniture & Appliances: High 6) Groceries: Low 7) Healthcare: Very Low 8) Household Accommodation: High 9) Miscellaneous: Low 10) Personal Care: Low 11) Recreation & Culture: Average 12) Restaurants Meals Out and Hotels: Low 13) Transport: Very Low Palau is for example -3.9% cheaper than Uruguay for groceries, 34.2% more expensive for household costs than South Africa, and -30.7% cheaper for transport costs than Greece. Palau is ranked as a extreme hardship location. Hardship (also know as quality of living) refers to the degree of hardship an expatriate and their family are likely to experience in the host location. Hardship pay is compensation to encourage people to move, in particular to less desirable locations. In determining the amount of hardship premium payable, factors such as economic, political, religious, infrastructure, environment/climate, personal safety, health, education, and transportation factors are considered. The hardship premium for Palau for an expat from Switzerland, is for example 30%, i.e. host location (Palau) premium of 40% minus home (Switzerland) location premium of 10%. Xpatulator.com has been created to assist subscribers calculate expatriate pay using the online calculators and extensive database of cost of living and hardship indexes, for 780 international locations. Want to know more about cost of living, hardship or expat pay in Palau? Register subscribe to your home location and Palau and run your personalised reports.